What happened on Cyprus was that the government was effectively looking down from the top of a cliff; they were at the end of their road. It needed a way to save itself, but would not get emergency loans unless it showed some effort to fix the problem in part by itself. So what it did...

Bitcoin opens the door to new forms of governance with more direct democracy. Those who choose to use it can live into the attributes of a decentralized society and redefine relationship and actions in this new context of interconnectedness. The Bitcoin world is not perfect and there ...

New York’s Department of Financial Services has presented draft regulations for bitcoin trade that are an absolute heap of bullshit, and that’s even before going into what the proposal actually says. The propsed regulations require a so-called “BitLicense” in order to trade in bitcoin...

The creation of Bitcoin and its ecosystem follows a trend of decentralization that has emerged in recent years, such as the Occupy movement’s leaderless horizontal organizing, the Free and Open Source Software movement and collaborative production like Wikipedia and Linux. In traditio...

Related:

I started looking at arbitrage-rally-news when I realized the price difference between mtgox and bitstamp seemed to be increasing extremely rapidly…almost felt like two completely separate markets. Serendipity or perhaps, but within 24 hours I started seeing people pissed off and cons...

Related:

Bitcoins being essentially a more efficient communal fiat currency, I would argue that banks, states, governments, and the like have a solid investment in the maintenance of the status quo for it’s people, be it good or bad. With bitcoins, there is no overall regulation, ergo, the res...

Up until today, bitcoin has spread by mutual agreement between payer and payee, and to some lesser extent, by the profit pressure generated in retail from the lack of credit card processing fees. But with Expensify adding it as a payment option in a lot of companies’ existing workflow...

This is true for the moment, and only if you think of BTC as an investment. BTC is not suited for this task (though it is a highly speculative and lucrative item for some), because it’s main strength is in transactions, and even micro transactions. Why should you care whether you can ...